"Israel's 2024 Budget: $15 Billion Allocated for Wartime Defense, Cuts to Education and Health"
Israel's cabinet approved an increased budget of $15bn for 2024, allocating funds for the ongoing war efforts and increasing funding for other departments, despite internal divisions. The amended budget includes cuts to government departments, increased spending, and additional funds for military hardware, army reservists, and internal security. The budget deficit for 2024 has widened to 6.6% of Israel’s GDP, and the country may rely on US military and financial support. The budget now faces legislative scrutiny in the Knesset, and long-term recovery depends on finding a way to end the war.